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Dec 5, 2013 1:00pm EST
part that was far bigger than their tax revenues would ever be able to support. their original dream, they were going to be able to grow into that spending. they didn't. so they had to cut spending. were there incredible costs? absolutely. gdp sunk dramatically. terrible youth unemployment. but those things were going to happen anyways because the governments had been borrowing. and delivering to people a standard of living that their productivity level was never going to be able to support. so decision day was going to come at some point. that's what it's led to when you see the garbage piled up in greece and spain because people go on strike because they're mad about the budget cuts. but where's the money going to come from? >> absolutely. well, the money would come from more borrowing. >> right. >> but, you know, i still question whether or not they're going to be able to do that next year. what are you hearing? >> i think ireland is a slam dunk. i think they'll be aible to do it. portugal is still questionable. greece, it's going to be up to whether or not their european partners
Dec 4, 2013 1:00pm EST
's plan to fix the wealth gap. taxes, higher minimum wage, all on the table and some remarks he has been giving. stallering facts on the income of lower level bank employees. guess who's paying them? you the taxpayers are to a surprising degree. we'll explain that. to sue in the house today. >> i am, ty. thanks. three key pieces of data out leaving about everybody scratching their heads. first up, the adp jobs report showing a gain of 215,000 private sector jobs. then october's new home sales, booming up 25.4%. but ism nonmanufacturing fell to 53.9 from 55.4 a month ago. here's one of the more worrisome factors for the market right now. take a look at the yield on the ten-year note, 2.84%. that has put some pressure at various times in the trading day on the dow jones industrial average. let's take a look at where it's sitting right now. the dow down about 37 points on the trading session. the s&p 500 is down almost 5 and the nasdaq composite is down a little better than 5. all three, though, are up more than 20% year to date. let's get to bob pisani at the nyse. bob, what are they talki
Dec 2, 2013 1:00pm EST
people sign up online start to finish and for a time has felt like he's making progress. >> it tax like two minutes to get the results. this is what ear eligible for, would you like to enroll, and choosing a pair, some plans and premiums. it works very well now. so it's exciting that people can come in and in like, half an hour, find insurance. it's rewarting. >> a sort familiar with the situation says in fact over the last month about 100,000 people have been able to select plans on the troubled, as they've made improvements. add that to the 231,000 confirmed enrollments from the states. that brings you to about 333,000. the big question now, though, is just what's happening on the back end, and sue, i can tell you insurers are still concerned they are not getting the right information when they get those transmittals over to them b. >> understandably so, bertha. thank you very much. we turn to that del re derailment. mary thompson is live on the scene in bronx, new york, with the continuing investigation. mary, over to you. >> reporter: what a difference a day makes. wh
Dec 6, 2013 1:00pm EST
-term deficit reduction in this deal. we're talking about putting off decisions about raising taxes or cutting medicare and social security. we also have a last-minute hangup over unemployment benefits, the extension of unemployment benefits. democrats want that, republicans say they're not that serious about it, it's not clear whether or not democrats are going to put their foot down and say no deal until then. what i think we know is that there will not be a deal today. house leadership aide told me he expects early next week a deal to be announced by patty murray, the democratic chair of the budget committee in the senate. paul ryan, the republican budget committee chair in the house. then the house and senate pass it before christmas. they leave next week actually for their christmas break. so they would end the year on a positive note. it would dramatically reduce the risk of a government shutdown in january and does not resolve our long-term budget issues. >> does it resolve the debt ceiling deadline which is some time in early february? would that be taken care of here? >> don't think i
Dec 9, 2013 1:00pm EST
programs, raising rates, for republicans on taxes, but they have shuffling things around to relieve the budget sequester which both parties want to see happen. >> where is the area of compromise greatest, jon, and what are the issues they are willing to compromise on? >> it's different for different people. republicans and some democrats including chuck hagel at the pentagon who don't like the level of defense spending the way it's squeezed by the budget sequester and it gets squeezed more in 2014 by the sequester proportionately than domestic programs do. that gives some impetus for republicans to go along. democrats are raising the caps by an equal amount on the domestic side of the budget. these are things, priorities the democrats have for social programs, republicans have for defense, which are getting relieved and stitching together solutions to fill in the gaps financially even at a little deficit reduction on top of that, things like raising the fees for airline companies pay for for airport security, that's on the revenue side and on the spending side, curbing federal retir
Search Results 0 to 4 of about 5